The global PEEK market is projected to be worth USD 1,225.7 Million by 2027, according to a current analysis by Emergen Research. The PEEK (Polyether Ether Ketone) market is observing a high demand attributed to its increasing demand from the automotive industry. A growing emphasis on safety standards and eco-friendliness is a critical factor driving the demand for PEEK in the automotive industry, which consistently focuses on reducing manufacturing costs and improving efficiency and durability to provide prolonged warranties. The growing necessity for automotive weight reduction, fueled by the need to have better mileage and lower carbon dioxide emissions, are causative of the miniaturization of the automotive component and modules and functional incorporation. Consequently, OEMs are focusing on advanced and innovative materials such as PEEK, possessing lightweight and high specific strength to manufacture cost-effective parts with enhanced performance. Moreover, PEEK, with its exceptional ductility and high fatigue strength, is beneficial in lowering maintenance resulting in uptime and increased productivity. Superior combination of high fatigue strength and ductility.
The PEEK Market research evaluates the significant alterations brought about by the outbreak in this commercial environment and takes into account the key market factors that have been significantly impacted. The research elaborates on the fast evolving market environment in the COVID-19 era in an effort to assist companies operating in this industry in overcoming the gripping effects of the pandemic and developing new growth strategies to improve the COVID-19 preparation.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the PEEK market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Celanese Corporation, Solvay SA, Darter Plastics Inc., Evonik Industries, Prototype Plastic Mold Co. Inc., SABIC, Victrex PLC, Panjin Zhongrun High Performance , Polymers Co. Ltd., Jrlon Inc., Quadrant Epp Surlon India Ltd.
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Emergen Research has segmented the global PEEK market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Glass Filled
- Carbon Filled
- Unfilled
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
- Electrical Electronics
- Aerospace
- Automotive
- Medical
- Oil Gas
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the PEEK Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global PEEK Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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